With that, you can install your Python package. This is usually what you do when you manually install from source.

python setup.py install

Step 2) Upload to Python CheeseShop

But instead of setting up manually, you could make use of Python CheeseShop (pipy) to distribute and setup your package for the Python community. This is the part which connects to pip install.

Firstly, register an account. (Take note: I failed registration a few times, without receiving the validation email. I think that is because of password too short/weak.) The registration is command line based:

python setup.py register

The Python Cheese Shop provides an example of a pypi project to be uploaded.